According to Shenzhen Business Daily, a few days ago, Xu Desen, secretary of Futian District Party Committee, and Li Ping, the district head, led a team to the headquarters of Zhongke Zhi to investigate and help solve the specific problems of the further development of Zhongke Zhi in the jurisdiction, including the site selection of the group headquarters building, the establishment of Zhongke Zhi Financial Guarantee College, and the solution of the problem of group managers entering the home.
Zhongke Zhi made a group of small and medium-sized enterprises in Shenzhen get loans urgently needed for entrepreneurial development without using real estate buildings as collateral. How to guard against risks? Zhang Kaiyong, chairman of Zhongke Zhi Guarantee Group, said that Zhongke Zhi successfully solved the worldwide problem of loan difficulties for SMEs through guarantee practice. The profit model of Zhongke Zhi lies in earning risk value. There are two ways to pay attention to risk management: one is to master the personal credit and property of the core figures, namely entrepreneurs; The second is to seize the core assets of the enterprise, including products, patents, marketing and other links. At the same time, Zhong Kezhi also learned to be an "amphibious person", both financing and investing. It is the venture capital in the high-tech field that brings high growth opportunities to Zhongke Zhi.
Zhongke Zhi Guarantee Group Co., Ltd. was established in Shenzhen in September 2004. Is a large-scale guarantee group company based in Shenzhen and radiating across the country, specializing in providing commercial guarantee and value-added services for small and medium-sized enterprises and individuals. Shenzhen Zhongke Zhi Guarantee Investment Co., Ltd. is not only the first private commercial guarantee institution in China, but also the first Sino-foreign joint venture guarantee company approved by the Ministry of Commerce. In June 2004, Shenzhen Zhongke Zhi Guarantee Investment Co., Ltd. became the first member of the World Factoring Association (IFG) in China.
At present, the group is expanding in China through online distribution. The Group holds Shenzhen Zhongke Zhi Guarantee Investment Co., Ltd., Shenzhen Zhonglande Guarantee Co., Ltd., Beijing Zhongke Zhi Guarantee Co., Ltd., Shanghai Zhongke Zhi Guarantee Co., Ltd. and other guarantee companies with independent legal personality.
Zhongke Zhi's good business record and credit record have attracted the attention of many international strategic investors. In April, 2005, the Asian Development Bank completed the investment of100,000 USD and officially became a strategic investor of Zhongke Zhi Group. This is the first private enterprise invested by the Private Investment Department of the Asian Development Bank in China. From June 5, 2005 to 10, CVCI, a subsidiary of Citigroup, invested US$ 25 million in Zhongke Zhi. In March 2006, Carlyle Investment Group, the largest private equity investment company in the world, invested 25 million US dollars in Zhongke Zhi.
Zhongke Zhi insists on the combination of steady operation and capital expansion. The company adhered to the capital expansion mode of "private capital, overseas capital and state-owned capital" with complementary advantages, and adhered to the development idea of combining private placement with IPO, and realized effective capital expansion, from 50 million yuan in 1999 to 6,543.808 billion yuan at the end of June 2007, namely 198. CIFF2007 The 4th China International Finance Forum (CIFF) was held in Shangri-La Hotel, Pudong from September 26th to 23rd, 2007. The theme of this activity is: regional financial ecological construction and financial services for small and medium-sized enterprises. Sina Finance's exclusive graphic live broadcast of this meeting. The following is a speech by Mr. Zhang Cuoyong, Chairman of China Zhongke Zhi Guarantee Group Co., Ltd.
Zhang Cuoyong: Good afternoon, everyone! Thank the organizing Committee for giving me such an opportunity. In order to save time, I want to say three things: first, my personal basic judgment on the current economic and financial situation in China; Second, the analysis of financing methods of SMEs; The third is the positioning of small and medium-sized enterprises in the financing process.
China's economy has experienced more than 2,000 years of prosperity in ancient times and nearly 200 years of weakness in modern times. With the re-emergence of modern times for more than 20 years, China's economy is on the rise, which is recognized by all, especially in the past two years, the stock market and housing market are very hot. In the process of rapid economic growth, due to the lag of financial system reform, China's financial industry lags behind China's economic growth level. If we want to maintain the high-speed economic growth in China, there is bound to be accelerated growth. Now that financial stocks are so hot, foreign capital desperately wants to come in. Thirdly, in the accelerated development pattern of China's financial industry, China's private finance should have more room for accelerated development. I use a word, "the history is strikingly similar." During the first round of reform and opening-up in China in the late 1970s and early 1980s, most of the self-employed individuals who had not finished cutting off the capitalist tail were washed away, except for a few outstanding state-owned enterprises in competitive fields, and humble self-employed individuals have sprung up in these 20 years. After the financial reform in China, what will be the road to the rise of private economy? We will wait and see. Therefore, I think that the guarantee industry, the reason why I do guarantee, is because it is a bridge between private capital and financial capital in China.
In short, the financing model of small and medium-sized enterprises in China can be summarized into five stages. The first stage is the start-up period, and the financing method is mainly family-owned investment funds; The second stage is the promotion period, when the established enterprises start to promote their business, and the business is not available or very small. At this time, the financing method mainly depends on private financing. According to incomplete statistics, there are 7-8 trillion private financing in China, including pawnshops and illegal underground banks. In the third stage, in the early and middle stages of growth, the financing method is mainly secured financing. Through the guarantee of the guarantee institution, he can enter the entry threshold of the bank in advance and obtain funds from the bank. The fourth stage is the middle and late stage of bank financing, which represents China's current formal financial system, and the loan scale is about 30 trillion. At this time, small and medium-sized enterprises have accumulated their own credit, have a certain income, have a certain amount of collateral and pledge, and can obtain funds from banks. Fifth, it is the integration period and maturity period, and financing mainly depends on equity financing, which is probably the pattern. Among them, the second stage of private financing and the fourth stage of bank financing, between them, we call it dual financial structure. The bank financing system consists of four parts. First of all, the approval period is long, one or two months, three or five months, or even longer, the loan period is long, the loan interest rate is low, and the interest rate is from 5 to 8, and the mechanism is relatively stable and inflexible. On the other hand, the approval period of private financing is short, the loan term is also short, one or two days, one or two weeks, the interest is high, the annual interest is as high as 20 or even 50, and the mechanism is relatively flexible. This is the basic feature of dual financial structure.
At present, as the largest guarantee institution in China, Zhongke Zhi benefits from the support of many small and medium-sized enterprise customers, banks and investment circles. In cooperation with investment institutions such as Citibank, the accumulated investment has exceeded $6,543.8+billion, and now the accumulated guarantee amount has exceeded 50 billion, with tens of thousands of customers. We used to be a traditional bank loan guarantee for small and medium-sized enterprises, and grew up with small and medium-sized enterprises. We want to build two platforms. The first is the debt financing platform of quasi-commercial banks. We use a slogan to express, "SME comprehensive financing provider, emphasizing the combination of private financing and bank financing, debt financing and equity financing." thank you